Sat, Nov 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Midway Market Neutral Fund beats June selloff with 0.35% gains

Monday, July 22, 2013

Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by New York based fixed income hedge fund manager The Midway Group beat the market selloff in June and posted a minimal +0.35%, net of fees and expenses. However, the fund’s year-to-date performance was pegged at -3.32%, compared to -2.44% for the Barclays Aggregate, 13.82% for the S&P 500 (Total Return) and 3.55% for the HFR Hedge Fund Index.

John K. E. Morris, Midway Group Managing Director, commented, "Recent price volatility notwithstanding, we remain constructive on the opportunity looking forward.

The fund closed last year up 26.69% (est.). Launched in May 2001, it has annualized 21.5% since then. It can be found in Opalesque’s A Square database. The Midway Group, which manages $468m in AuM, gathers fixed income managers that provide investment strategies in hedged mortgage securities and focuses exclusively on the U.S. residential mortgage market.

He continued, "During the month we managed through a continued moonshot to higher rates. We saw an unprecedented 100bps move in rates over a 60 day period. Much of the backup, which started in early May (after a severe reversal) accelerated in response to Bernanke’s statements on the Fed’s plans to 'taper’ its extraordinary monetary stimulus. A lot has been written subsequently about the market’s p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore

  5. Opalesque Exclusive: Mariner’s new healthcare mandate applies strategic approach across pharmaceutical and biotech sectors[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A team of two was hired in February this year t